New study shows how to protect retirees from financial risks
The article explores how to best share financial risks between different generations. By analyzing data from the US, the researchers found that providing certain types of financial support can help older people manage risks in their savings, similar to having insurance. This support can also make up for the lack of a risk-free investment option. Interestingly, when a risk-free option is available, the support from the working generation may not be as necessary.